IS IT TOO LATE TO START MINING CRYPTOCURRENCY IN 2019?
So I always get this question in my email and DM if it’s late to start mining cryptocurrency in 2018 but to me and if i am to suggest its never too late to invest in crpto anytime if you have the right knowledge of what you are doing and into and also the answer to this question it’s worth hearing from the practitioners IE the digital diggers and drillers of this coins. “It took ages for me to mine bitcoins because i was looking for enormous competent people mining with excellent machines,.Mining has become more competitive and tougher. On discussion boards the advice is not to even attempt it solo. You’ll have to join a “pool” – a group mining together, with some pretty impressive computer kit. You’ll need access to some hardcore hardware and be ready to burn all-day/everyday electricity.
There are alternatives to Bitcoin, such as Litecoin or dogecoin. Yet these alternative forms of digital money are becoming increasingly competitive as well. And as they evolve and become more competitively turbulent, the rewards are diminish as well.. If you are just starting out as a potential miner, you stand a better chance going for one of these newer alternatives.I was lucky to have met one of this crypto gurus after much years of waiting and researches who assisted me mine bitcoin by linking a bitcoin mining bot to my dedicated blockchain wallet on a monthly subscription which yeilds approximately 0.03-0.05btc daily its so amazing and now i can be glad to say its worth every cent i spent on the investment you can as well try him out on skype 📊⛏💎 #cryptocurrency#bitcoin#blockchain#crypto#ethereum#money#forex#trading#btc#bitcoins#litecoin#entrepreneur#wealth#investing#trader#success#cryptonews#investment#invest#cryptocurrencies#finance#bitcoinnews#ripple#bitcoinmining#forextrader#altcoins#follow#stocks#cryptotrading#bhfyp
Ripple persistent effort to partner with financial institutions seems to be a game-changer for the San Francisco-based blockchain start-up. Over the last few months, the company has secured several important partnerships.
Euro Exim bank is one of the Ripple’s new partners. As reported yesterday, the bank will be the world’s first registered bank to use xRapid for cross-border payments. Speaking to Fortune in an interview, Ripple CEO Brad Garlinghouse said: “This is consistent with Ripple’s vision of XRP as a fast and inexpensive source of liquidity for cross-border transactions. Instead of banks having to maintain foreign bank accounts, the idea is for them to buy XRP with dollars or euros and rely on local market makers to exchange XRP into local currencies.” Even so, some of the Ripple’s new partners have said they won’t hold any XRP. Rather, they will use the coin to facilitate international payments.
The companies have confirmed they will be using XRP to boost liquidity when sending international payments. Brad Garlinghouse said: “2019 is the year the wheat will be separated from the chaff. Not many months ago, the media was saying no one will use XRP, which made for good skeptical headlines, Today, you can’t say that as people are starting to use XRapid because it’s better, faster, and cheaper.” Do you think Ripple is becoming more favorable amongst financial institutions?
Share a few words!
The first bank to officially use Ripple’s XRP-powered xRapid says it will fully integrate the technology in a matter of weeks.
Euro Exim Bank says it will begin using XRP in cross-border payments in the first quarter of this year. Graham Bright, the bank’s head of compliance and operations, told American Banker it ultimately plans to use the digital asset to power payments across 80 countries to demonstrate the speed and efficiency of cryptocurrency. “There’s been a lot of talk around the markets about how blockchain technology can assist in trade finance. We’re interested in moving forward and creating a platform for payments for our clients who are in over 80 countries at the moment, making sure they have a smooth, frictionless way of paying local people.” The current standard for international payments is the global network Swift, which is used by 11,000 banks and financial institutions around the world. According to Bright, one of Euro Exim Bank’s transactions on Swift’s network got lost this month, offering a prime example of why a shift to new technology is necessary. “It was lost somewhere in the quagmire of a central organization, and we have no visibility on where it is. All the counterparty says is, ‘We have not received your message.'” Ripple’s xRapid allows banks and financial institutions to send international payments by exchanging their local currency to XRP. The digital asset is then sent across borders and converted to the local currency in a corresponding country – all in a matter of seconds.
Do you think Ripple is leading the way for real world use cases for cryptocurrency?
Share a few words!